• Rexel priced EUR 400 million of senior unsecured OCEANEs due 2031, marking successful completion of its convertible bond offering.
• Bonds carry 1% fixed annual coupon, payable semi-annually, issued at par with settlement set for May 13, 2026.
• Initial conversion or exchange price set at EUR 50.31, implying 35% premium to reference share price.
• Net proceeds earmarked for general corporate purposes, aimed at lowering financing costs, diversifying funding.
• Potential dilution estimated at about 2.68% if all bonds convert into new shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rexel SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605061140OMX_____CNEWS_EN_GNW1001180374_en) on May 06, 2026, and is solely responsible for the information contained therein.